Independent Mortgage Advice

Sunny Bhalla is an independent ‘Whole of Market’ mortgage specialist, he has access to a wide range of exclusive mortgage deals that you will not find on the high street. From your initial mortgage enquiry, Sunny will then guide you through the entire mortgage and house-buying process and assure that you understand all aspects of the transaction and that things run as smoothly and efficiently as possible for you.

Our brokers have years of experience so let us take care of it all for you!

If you have a mortgage enquiry or would like to speak to a broker please click here, or if you want to see what property you can afford from the current selection we have available, then click on to the "intelli logo" to use our unique affordability calculator.

General information on mortgages

Fixed

With a fixed rate mortgage you pay a fixed interest rate, for a fixed period of time. The rate and duration are arranged at the outset with the lender. This can be between 1 and 25 years, though the standard term would be 2 years.

Tracker

With a tracker rate mortgage the rate of interest you pay is tied to the base rate set by the Bank of England. Typically, a tracker rate mortgage will be set at a fixed percentage above the Bank of England base rate. Although the Tracker rate is usually lower than the lender’s Standard Variable Rate, this can vary from lender to lender. Changes in the base rate will change your repayments.

Discounted

A discounted rate mortgage is linked to an individual lender’s Standard Variable Rate. The lender may offer a discount to their variable rate for a specified period of time, with this type of mortgage there is no certainty as to what your future payments will be.

Buy-to-Let

Buy-to-let mortgages are for investors purchasing properties that willl not be owner-occupied. Some lenders will only consider a property’s rental income as the basis for determining whether or not to lend, while other lenders will consider your normal earnings, especially if you only have one or two rental properties. The expected rental income must exceed your mortgage repayments by a certain percentage. For example, your mortgage lender may require a rental income of 125%-130% of your monthly mortgage payments. Generally, buy-to-let mortgages are available for between 5 and 45 years and for a maximum of 80% of the property value. When considering a buy-to-let mortgage, certain additional costs must be considered, including lettings agent fees, insurance, legal cover and the cost of maintaining the property in a suitable condition for letting. Buy-to-let mortgages are not regulated by the Financial Services Authority.

Queries

The registered office of Own and Protect is 9 Verde House, 189 Twyford Abbey Road, London NW10 7DQ. Own and Protects is directly authorised and regulated by the Financial Conduct Authority (FCA: 599279) for advising and arranging mortgages and insurance contracts. Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it.

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